1、 Price trend
Today, the price of ethylene oxide is generally adjusted, rising 300 yuan / ton, and the adjusted price in the mainstream East China is 6300 yuan / ton. Compared with the price of 5800 yuan / ton at the beginning of the month, the price is increased by 500 yuan / ton, or 8.6%.
| PVA 1799 (PVA BF17) |
2、 Industrial chain:
Ethylene oxide was raised twice this month. It is reported that Zhenhai Refining & Chemical Co., Ltd. was shut down due to accident, Wuhan Petrochemical Co., Ltd. was shut down, Tianjin Petrochemical Co., Ltd. and Tianjin Zhongsha Petrochemical Co., Ltd. were overhauled, and market resources were tightened. The upstream ethylene market continues to be low and bottoming out. The decline of ethylene price means that the profit of ethylene oxide increases in disguised form. The operating rate of downstream glycol has decreased, the price trend has been narrow and fluctuating. The single market has been affected by the mentality of buying up, and the market has been rising. However, in general, the basic support is still weak, especially the cost side. Under the high profit, the enterprise is actively changing production, which may have an impact on the fluctuation of supply and demand side in the future.
3、 Forecast:
Temporarily stable.
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